Prime Minister Sanae Takaichi has vowed to tackle rising prices as the first order of business.
At her first Cabinet meeting on Tuesday night, she ordered the new administration to formulate a “comprehensive economic package” built around three pillars: protecting livelihoods and addressing rising prices; building a strong economy through crisis management and growth-oriented investment; and strengthening defense and diplomatic capabilities.
Her choices for key economic ministers have surprised many. The mix reflects her efforts to balance the power dynamics both within the ruling Liberal Democratic Party and with opposition parties, while adjusting Japan’s approach to Washington.
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